Amiad Water Systems (XTAE:AMD) ROCE % : 10.16% (As of Dec. 2023)

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What is Amiad Water Systems ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Amiad Water Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.16%.

Amiad Water Systems ROCE % Historical Data

The historical data trend for Amiad Water Systems's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Amiad Water Systems ROCE % Chart

Amiad Water Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.62

5.75

9.21

8.27

8.95

Amiad Water Systems Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-19.47	7.59	12.91	8.06	10.16

Amiad Water Systems ROCE % Calculation

Amiad Water Systems's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	32.393	/	( ( (482.982 - 109.091)	+	(530.787 - 180.877) )	/ 2 )
	=	32.393	/	( (373.891	+	349.91)	/ 2 )
	=	32.393	/	361.9005
	=	8.95 %

Amiad Water Systems's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	35.088	/	( ( (507.199 - 166.439)	+	(530.787 - 180.877) )	/ 2 )
	=	35.088	/	( ( 340.76	+	349.91 )	/ 2 )
	=	35.088	/	345.335
	=	10.16 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Amiad Water Systems (XTAE:AMD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Amiad Water Systems (XTAE:AMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Amiad Water Systems Ltd (XTAE:AMD) » Definitions » ROCE %

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Address

D.N. Galil Elyon 1, Kibbutz Amiad, ISR, 1233500

Website

https://www.amiad.com

Amiad Water Systems Ltd is a producer and supplier of water filters and filtration systems. The company concentrates on automatic self-cleaning filters that require low maintenance and can be adapted to provide bespoke solutions to a wide range of applications in a number of industries, in addition to a variety of other applications in the irrigation market. Geographically, it has a presence in the Americas, Aisa-Pacific, and Europe, Middle East, and Africa.